Under multiple negative blows, on Wednesday (April 10), the Science and Technology Innovation Board and the Growth Enterprise Market joined forces to smash the market and break down. As of the end of the session, the Shanghai Composite Index closed at 3,027.33 points, down 21.20 points, or 0.70%, the Shenzhen Component Index closed at 9,297.96 points, down 151.02 points, or 1.60%, the Small and Medium Composite Index fell 1.81%, the ChiNext Composite fell 2.37%, and the STAR 50 fell 1.85%. The total turnover of A-shares was 837.328 billion yuan, an increase of 5% over Tuesday.
Market analysts said that the 3,000-point integer mark in the Shanghai market is facing a test, and attention should be paid to the risk of making up for the decline of the recent contrarian varieties.
【Trend】
The Science and Technology Innovation Board and the Growth Enterprise Market have joined hands to break the position
The ChiNext Composite Index swallowed all of Tuesday's gains after just 18 minutes of opening on Wednesday, and then fell all the way until 13:54 p.m., with a maximum decline of 3.10%. Since then, the bulls have launched a more vigorous counteroffensive, and once narrowed the decline to 1.91%.
However, the end of the 23-minute market fell more than once, and the decline of the GEM expanded again. It is worth mentioning that the two major markets of the Science and Technology Innovation 50 and the ChiNext Composite Index have shown a breaking trend.
【Panel】
Small-cap small-cap stocks fell aggressively
Tongdaxin statistics show that the ratio of A-share stocks on the day was 938:4374, the ratio of stocks with a rise or fall of more than 10% was 36:10, and the ratio of stocks with a rise or fall of more than 5% was 93:320.
On the market, small-cap stocks and small-cap stocks have become the pioneers of the decline. The penny stock group and the micro-cap stock group fell by as much as 2.34% and 2.98% on average, respectively. In the penny stock camp, the number of stocks below 1 yuan has increased to 6, and the number of stocks below 2 yuan has increased to 92, of which *ST civil control, *ST Meisheng, and *ST new textile have been less than 1 yuan face value for 10 consecutive days, 9 days, and 6 days. In the group of micro-cap stocks, McGuire fell to the limit, quasi-oil shares fell for 2 consecutive days, and Gauss Bell and AIA ceilings fell to the limit intraday. Overall, small-cap small-cap stocks, which led the rally in February-March this year, have once again entered a bearish pattern since April.
【Outlook】
Control the risk and wait for the opportunity to buy blue chips low
"The Shanghai market 3000 points are facing a test, pay attention to grasp the opportunity of blue chips to make up for the fall. Li Chun, chief investment consultant of Jiangnan Avenue of Galaxy Securities, interviewed by upstream news reporters, said that the contradictory technical patterns of the main stock indexes on Tuesday finally led to the downward adjustment on Wednesday, and the ChiNext Composite Index, the penny stock index, and the average stock price index fell below the low point in March, indicating that small-cap stocks are the main force of this round of decline, and the fundamental reason is that the annual report and the first quarterly report are too poor, and the risk needs to be released through the stock price bottom. It should be noted that at the end of Wednesday's market, financial stocks and resource stocks were also weak, which is a manifestation of the need to take profits in stages. After comprehensive analysis, it is expected that the Shanghai market will face a test of 3,000 points, but this is also another opportunity for blue chips to buy low after washing their chips, and investors can seize the opportunity.
(The views in the article are for reference only and do not constitute investment advice, the stock market is risky, and you should be cautious when entering the market)
Upstream news reporter Wang Ye